We are not in a recovery and we’re not really in a traditional recession. People think of a business cycle, which is a boom followed by a recession and then automatic stabilizers revive the economy. But this time we can’t revive.
Read more...The rising share of income accruing to housing is a key feature of the changing US income distribution. This column examines the determinants of this phenomenon. The rise occurred due to an increasing share of income accruing to owner-occupiers through imputed rent, it is concentrated in states that are constrained in terms of new housing supply, and it is closely associated with the long-run decline in real interest rates and inflation.
Read more...Why citizens are correct to be worried about trade deals like CETA and the TTIP.
Read more...A new survey on the outlook of Millennials finds they are not happy campers, and for good reason.
Read more...What Clinton needs to do to win Millennials.
Read more...The birth of the Third Way —a turn away from class-struggle politics and a compromise with neoliberaism—and how it shaped the Eurozone.
Read more...The Fed ‘s creative euphemisms for how real wages are sinking for many won’t keep threats like Trump at bay.
Read more...How the so-called Nobel Prize in economics came to validate neoclassical thinking, even as it failed in Sweden.
Read more...A new study on corporate tax havens shows how multinational corporations avoiding U.S. taxes represents a transfer to them from workers.
Read more...Absolute inequality around the world has increased, challenging the purported benefit of globalization.
Read more...Why the backlash against the overreach of US trade deals, as embodied by the TPP and TTIP, is well warranted.
Read more...Working through explanations as to why US immigration has been negatively correlated with growth.
Read more...The perilous status of adjuncts, who serve as contingent faculty.
Read more...The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...Why CEOs are even more grotesquely paid than you thought.
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